More of the same in the Twin Cities housing market. I like the commentary below provided by the MPLS Association of Realtors comparing the housing market to the Minnesota Golden Gophers sports teams.

It is true because if your a home owner for the last few years its been pretty poor as you have seen your equity go backwards like the football team.  I have been saying there is a lot of hope on the horizon which is sort of a crossover between the basketball and hockey team.  

 

--------------------------------------------------

Today's housing market is like Minnesota Golden Gophers sports. If football's 

your game, it doesn't look great and hasn't for a number of years. If you're a 

basketball fan, the results are positive even if you're missing key inventory. If 

you're into hockey, past glory appears to be on the horizon. It all depends on your 

angle and how you look at it. Sub-4.0 percent mortgage rates and a 40-percent 

discount off 2006 prices may make buyers happy, but bank-mediated properties 

pose challenges to traditional sellers akin to playing a Big 10 schedule without 

Trevor Mbakwe. Moral of the story? Your level of enthusiasm is dictated by which 

set of bleachers you're sitting on.

 

In the Twin Cities region, for the week ending December 10:

 • New Listings decreased 11.3% to 911

 • Pending Sales increased 31.7% to 761

 • Inventory decreased 23.2% to 19,380

 

For the month of November:

 • Median Sales Price decreased 10.2% to $149,000

 • Days on Market decreased 1.9% to 135

 • Percent of Original List Price Received increased 1.0% to 90.9%

 • Months Supply of Inventory decreased 30.2% to 5.

 

 

 

 

 


 

Chuck Carstensen is a Realtor with The Discovery Team (RE/MAX Results.) in Elk River, MN.  Helping buyers, sellers and investors in great Minnesota counties like Sherburne, Isanti, Wright, Anoka, Chisago, Hennipen and Mille Lacs. He is a Certified Distressed Property Expert (CDPE).

Contact Chuck by emailing him at chuck@thediscoveryteam.com or by phone at 763-635-7228. 

Find me on the following:     

 

 
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Chuck Carstensen

Elk River, MN

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RE/MAX Results

Address: 650 Dodge Avenue, Elk River, MN, 55330

Office Phone: (763) 635-7228

Cell Phone: (612) 290-3809

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I help buyers, sellers and investors with their real estate needs. In this blog I post my listings and give real estate, social media and personal development tips. I enjoy giving people tips, suggestions and hints that can improve their business and life.




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